VOL. XXXV
NO. 16
20-JANUARY-1992
OPEC
Some OPEC Members Announce Ad Hoc Production Cuts
Some OPEC members have been busy drumming up ad hoc voluntary production cuts during the past week in order to boost falling prices in an oversupplied market. So far immediate reductions totaling 130,000 b/d have been announced by three countries - 50,000 b/d by Venezuela, 50,000 b/d by Nigeria and 30,000 b/d by Libya. Meanwhile, Algeria has said that it is studying an output...
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